Let us take a look at the #Euro first. The Euro appears to have put in a near term top near it's recent highs near the 1.16 level and has been correcting lower. It appears to be poised for a big move and has already corrected below the 1.13 level. Like the Euro 1.11 put with the 1.13 call as a hedge.
Next let us look at #oil which has broken down from its highs near 62$.
Can play the next move likely to the downside to 40$ via the oil 44 put with the 46 call as a hedge or via a strangle on the oil ETF USO. Oil will likely head to 35 in the upcoming months.
Moving onto gold, #Gold seems to be headed for new lows after breaking the 1100 mark. Following the news flow out of Greece and the strong dollar further weakness looks likely despite the recent flight to safety bid. Like the 108 put on the Gold ETF GLD, The 110 call may be considered as a hedge:
Not to forget the #SandP500, which has corrected from its recent highs near 2135 to about 1867. A short term down move to 1900 appears on the cards and can be played via a 1970 put with a 2010 call as a hedge.
Finally the #Nifty has been breaking down from its recent highs near 8650. Can trade the next big move down to 7800 via the 7900 put with the 8100 call as a hedge.
Big moves in markets likely as Grexit may eventually be in play http://t.co/nw03miaufB pic.twitter.com/UjLObaHsUN— samuelR (@RajveerRawlin) August 29, 2015